The appeal court’s decision is in keeping with the California Supreme Court decision in 2020 to uphold a law enacted by then-governor Jerry Brown called the Public Employees’ Pension Reform Act.

Retirees’ spending in California communities contributed $28 billion in local wages and salaries, researchers found.

Berliner said the Legislature would have to pass another pension reform challenging the California rule for the Supreme Court to rule differently. “And nothing in the latest 90-page decision tells me ...

Today California is facing more than one trillion dollars collectively in unfunded state and local pension liabilities, a figure that continues to grow. The aforementioned pension reform measure ...

Investors in the fund include the California State Teachers’ Retirement System and other public pension systems across the ...

woman and child in the United States,” with California holding the nation’s largest public pension debt load. CalPERS’ unfunded pension liability comes on the tail end of major pension reform in 2013.